Most of us rarely think about the certainty of our own deaths. Estate planning forces us to face the financial, legal, and emotional consequences of death and to take action to minimize the impact on our families. If people were asked to summarize their estate planning wishes, most would simply say that:
- They want their estate to be distributed to the people they choose according to their wishes;
- They want to avoid excessive attorney’s fees, court costs and unnecessary delays in passing on their property; and
- They want to avoid or at least minimize the payment of state and federal death taxes.
The most effective way to accomplish these goals is to establish a living trust. Please see FAQs for additional information.